Costly monitoring may lead to credit rationing in equilibrium in an economy without any adverse selection or moral hazard problems. Given the widespread phenomenon of government intervention in credit markets in developing and developed countries, the natural question then is, How effective are...

Financing agri-environmental programmes in the European Union (EU) takes place in a multi-level system with mixed co-financing and shared financial responsibilities. In this paper we analyse how co-financing influences policy-making in regions taking the case of the agri-environmental programme...

In this paper we analyze the impact of the EU multi-level co-financing system on regional policy-making and priority setting taking the case of the agri-environmental program of Saxony-Anhalt in Germany. The implications of several co-financing scenarios are analyzed and compared to respective...

The ability to finance and absorb more efficiently Eropean Union Funds has an important role in the process of real convergence of Romania, reported to the European Union, and recovery of gaps to other Member States. The study reveals both the essential elements of the absorption capacity and...

We study factors affecting the choice of objects to be included in the National Transport Infrastructure Plans for 2004-2015 and for 2010-2021 in Sweden, controlling for the CBA results. The present working paper contains both a comparative analysis between the two Plans, and sensitivity...

This publication targets current and prospective official development partners in loan and grant operations of the Asian Development Bank (ADB). It highlights the importance of partnerships, and particularly emphasizes results achieved. Examples of projects from ADB developing member countries...

In this paper we analyse the impact of the EU multi-level cofinancing system on regional policy-making and priority setting taking the case of the agri-environmental programme of Saxony-Anhalt. The implications of several co-financing scenarios are analysed and compared to respective lump-sum...

Considerations regarding the structure of the CAP after 2013 are well underway. A key issue in this respect is the future of decoupled direct payments (DDP) in the first pillar, which represent the bulk of support for EU agriculture. The ‘Options Paper’ of the EU Commission indicates that...

In the current financial crisis access and absorption of structural funds is the biggest challenge for government, for business, farmers and nongovernmental organization sector. European integration itself depends on the optimization and substantial absorption for Romania during 2007-2013. This...